Anything else that was planned to come out which could have easily grossed over $1 billion is now delayed. However, recently, the only movies to come out in theaters that have had some sort of buzz are The New Mutants, which was fine for being inconsequential, and Tenet, which was a great action film, albeit hard to follow at times. Before shutdown, the biggest movies were Birds of Prey, Sonic the Hedgehog, and The Invisible Man, all good movies that made money (except Birds of Prey). The last reason is probably the biggest problem with theaters absolutely nothing is coming out. Opening theaters could be more trouble than it is truly worth at this point. It would become a vicious cycle of closing, opening up when things calm down, craziness happens, and they close again.
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So many movie goers will still be wary of going to theaters that it would be a waste of time for the theaters to open back up. This will have an impact on the industry because the theaters will not be able to cover operating costs when they open back up. With more than 570 locations, many people will be out of a job and options to watch movies. One of the bigger theaters to close its doors is Regal Cinemas. For the second time this year, some theaters will be closing their doors due to a rise in COVID-19 cases (which could be avoided by wearing a mask and social distancing, but I digress). The next reason is one that theaters hoped would not happen… again. This could put movie theaters in a debt they will never be able to repay. No one is going to want to pay more than they already have to for tickets. The only way that theaters could make the money back is by either raising ticket prices or removing special subscriptions, such as AMC’s A-List (if you like movies, definitely look into that. This will have some serious consequences once the movie industry is back to normal. It does not matter how many blockbuster movies will come out in one year, not everything is Avengers: Endgame or Avatar. Having a deficit of over $7.7 billion dollars is probably something that movie theaters as a whole will never be able to get back. Doesn’t sound awful, right? However, when you compare it to the last ten years where the box office grossed over $10 billion each year, it’s easy to see the problem. According to, the current total box office for 2020 is around $2.3 billion. Yes, the reason is obvious, but it still has been bad for the industry. The first thing is the box office this year has been awful. I hope I am wrong, but here is why I am nervous for the future of the movie theater. Unlike some things, this damage may have a serious impact on theaters. The kind of comfy chairs, the somewhat good food, and the 30 minutes of trailers before the film even begins, nothing beats it.īut, just like everything else in the world, COVID-19 had to ruin it for everyone.
No hate on Drive-ins and the like, I just prefer going to a theater. What makes this experience even better is going to do it at a movie theater. They can take you into new worlds, make you forget all the craziness going on, and even teach you lessons you never even thought of. Low sales, closures, and lack of movies hurting movie theaters overallĬolumn By Collin everything that’s going on in the world, both before COVID-19 and now, one thing that I could always count on is that movies provide comfort and joy for a few hours.
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